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(Z18) Above 55-DMA To Pressure 2018...>

EURIBOR TECHS
EURIBOR TECHS: (Z18) Above 55-DMA To Pressure 2018 High
*RES 4: 100.310 - 2018 High Repeatedly May 
*RES 3: 100.305 - Repeated daily lows Apr/May 
*RES 2: 100.295 - Alternating daily support/resistance 
*RES 1: 100.293 - 55-DMA
*PREVIOUS CLOSE: 100.285
*SUP 1: 100.275 - Low June 4
*SUP 2: 100.265 - High May 31 now support
*SUP 3: 100.255 - Low June 1
*SUP 4: 100.235 - Low May 31
*COMMENTARY: Bulls take comfort as lost ground is recovered and pressure returns
to the 55-DMA. Bulls continue to look for a close above 100.295 to confirm
breaks of DMAs and shift pressure back to 2018 highs. Support layers are
building with bears now needing a close below 100.265 to gain breathing room and
below 100.255 to shift focus back to 100.215-235.

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